https://www.taxtmi.com/caselaws?id=433513 The Appellate Tribunal affirmed the validity of the reassessment proceedings and notice u/s 148 of the Income Tax Act, along with the addition made by the Assessing Officer u/s 68 of the Act. The Assessee's failure to substantiate claims and prove the genuineness of transactions led to the dismissal of the appeal. The Tribunal upheld the order pronounced on 30.01.2023, emphasizing the importance of meeting the burden of proof in tax matters. en-us Mon, 30 Jan 2023 00:00:00 +0530 Tue, 31 Jan 2023 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433513 The Appellate Tribunal affirmed the validity of the reassessment proceedings and notice u/s 148 of the Income Tax Act, along with the addition made by the Assessing Officer u/s 68 of the Act. The Assessee's failure to substantiate claims and prove the genuineness of transactions led to the dismissal of the appeal. The Tribunal upheld the order pronounced on 30.01.2023, emphasizing the importance of meeting the burden of proof in tax matters. Case-Laws Income Tax Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433513